TechFlow News: On May 18, Bitcoin mining company HIVE Digital Technologies acquired land in the Toronto area for $58 million, planning to build an industrial-scale AI computing center through its subsidiary BUZZ High Performance Computing. Once fully operational, the facility is expected to support approximately 320 MW of capacity and over 100,000 GPUs—potentially making it one of Canada’s largest computing “super-factories.”
Following this announcement, HIVE’s stock price surged nearly 45%. Earlier that week, HIVE had raised $115 million to expand its global data center footprint and GPU production capacity.
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